Alexander Stafford
Main Page: Alexander Stafford (Conservative - Rother Valley)Department Debates - View all Alexander Stafford's debates with the Scotland Office
(1 year, 4 months ago)
Commons ChamberAs I said to the media when this question was raised in an interview last week, it was simply because I felt the report was too excessive in its conclusions.
Scotland’s energy industry is vital to supporting the UK’s energy security. This Government have listened to Scotland’s energy industry, and we understand the need to encourage industry investment. That is why we recently announced the energy security investment mechanism, which will remove the energy profits levy if oil and gas prices fall to normal levels for a sustained period prior to March 2028.
It is great to hear a cheer for the Secretary of State as he stood up. I am sure he agrees that hydrogen production will be vital to meeting both the UK’s energy needs and our net zero targets. Will he set out what the UK Government are doing to promote the development and production of hydrogen in Scotland?
Low-carbon hydrogen is critical to delivering energy security. It presents a significant growth opportunity and will help the UK to reach net zero. We have doubled our ambition to 10 GW of low-carbon hydrogen production capacity by 2030, and at least half of it will come from electrolytic hydrogen, drawing on the scale up of UK offshore wind, other renewables and, of course, new nuclear.